Previous Close | 92.93 |
Open | 92.84 |
Bid | 0.00 x 800 |
Ask | 0.00 x 800 |
Day's Range | 92.35 - 93.92 |
52 Week Range | 68.56 - 104.91 |
Volume | |
Avg. Volume | 8,020,130 |
Market Cap | 124.268B |
Beta (5Y Monthly) | 0.61 |
PE Ratio (TTM) | 41.91 |
EPS (TTM) | 2.23 |
Earnings Date | Apr 23, 2024 - Apr 29, 2024 |
Forward Dividend & Yield | 2.36 (2.53%) |
Ex-Dividend Date | Feb 22, 2024 |
1y Target Est | 95.57 |
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IAE International Aero Engines AG (IAE) announced it has successfully tested the V2500 engine with 100% sustainable aviation fuel (SAF) at MTU Maintenance Hannover, Germany. IAE is a multinational consortium comprised of Pratt & Whitney, an RTX (NYSE: RTX) business, Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines AG. The V2500 engine currently powers the A320ceo family aircraft and the Embraer C-390 Millenium.
A Wall Street analyst sees defense profit margin improving and Pratt & Whitney overcoming the engine inspections issue.
The aerospace and defense stock looks like a good rebound candidate in 2024.